Elon Musk nominated to the Cabinet?

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Before Feb 1, 2025

$6,653,644vol

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Rules summary

If Elon Musk is nominated to the Cabinet before Feb 1, 2025, then the market resolves to Yes. Outcome verified from Office of the Presidency.

Announcements made by a President-elect will only be effective once they are inaugurated as President. To be clear, if the President appoints (or says he will appoint) the individual to a cabinet-level position, even if that position does not require Senate confirmation, then the market resolves to Yes. For example, the Chief of Staff to the White House is typically a cabinet-level position that does not require Senate confirmation. Clarification 11/14/24 3:00 AM ET: Being a part of a non-governmental organization (which the Department of Government Efficiency, DOGE, may be) is not sufficient to resolve the Contract, even if that organization has some relationship (e.g. is contracted by) with the Trump Administration, if the person in that role is regularly advising the President, or even if that organization receives government financing. However, leading a non-governmental organization *and* being nominated to a Cabinet-level position would be sufficient to resolve the Contract.

Timeline and payout

What's happening

New

Elon Musk and Vivek Ramaswamy have been appointed to lead the newly-created Department of Government Efficiency in the Trump administration. This department aims to dismantle government bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure federal agencies. Musk and Ramaswamy's roles are part of President-elect Donald Trump's "Save America" Movement, with Musk stating that the new agency will "send shockwaves through the system" targeting government waste.

What's happening

Nov 5, 2024

Elon Musk has been floated as a potential member of Donald Trump's Cabinet if Trump wins the presidency, specifically to lead a government efficiency commission aimed at auditing and eliminating waste across the federal government. Musk has expressed enthusiasm for the role, stating he "can't wait" to take on the position and help cut unnecessary regulations and programs. Trump has hinted at appointing Musk to lead this commission, though he has also expressed concerns about Musk's availability due to his business commitments.

What's happening

Nov 2, 2024

Elon Musk is among the candidates being considered for a potential Trump administration if the former president is elected. Musk has been a strong supporter of Trump, contributing at least $118 million to his campaign via the America super PAC and actively promoting him on X. Trump has suggested the possibility of Musk taking on a role such as "Secretary of Cost Cutting" or leading a "Government Efficiency Commission" to identify and eliminate government waste.

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